Is volume overrated?...
- Thread starter focusonmoney
- Start date
... such affability and condescension ...Quote from deadbroke:
... verdict: Typical ET. Burn the place down!
Top prize of course goes to Joe Paterno for taking certainty in stupidity to a new plateau.
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Now count me in as 1 in favor of volume
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I'd tell you more about Volume but it would be a fckin waste of time - so I'll just let you watch the weekly Dow Jones for the classic, supreme, el magnifico, creme de la creme S I G N A L that volume is giving - and way ahead of any crash just yet.
... God this place is loaded to the hilt with such high density individuals its fckin pathetic.
Quote from charts:
Volume increases => Price will continue its direction
Volume decreases => Price will change its direction
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If that was the case we all would be rich.. High Volume push prices up or down fast... thats about it..
Being the unsophisticated basterd that I am, the only consistent relationship I ever found was that extreme volume spikes signal a change in direction. Moderately useful, but I always found that following price was more profitable.
To be clear: volume is useful, but price is better (of course this might either be because I haven't found the holy grail of volume, or you might not have found the holy grail of price. IMO, I of course would think the latter were true. Your opinion might vary).
It's like commissions: would you choose a higher or lower one, all else being equal between two brokers?
To be clear: volume is useful, but price is better (of course this might either be because I haven't found the holy grail of volume, or you might not have found the holy grail of price. IMO, I of course would think the latter were true. Your opinion might vary).
It's like commissions: would you choose a higher or lower one, all else being equal between two brokers?